lol. never tought of that. was speaking to a friend yesterday and he started telling me how bitcoin and all descentralized markets are pyramidal schemes done by some shady looking characters to profit. he's a very hardcore corporate worker. might give him this counter argument see where the discussion goes for the sake of a good laugh.abgespaced wrote: ↑Sun Jan 24, 2021 2:58 am
Crash Bitcoin, replace it with a centralised, global digital currency.
Controlled by the few at the expense of the many.
BITCOIN as an alternative to regular currency
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- abgespaced
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I'm not sure it was created with that intention in mind, but by now it's surely a possibility. The top 10-20% of bitcoin holders would control 80-90% of the market. Like the oil cartels it wouldn't take much for them to get together to decide they are going to control the price of it.Vladimir CC wrote: ↑Sun Jan 24, 2021 12:55 pmlol. never tought of that. was speaking to a friend yesterday and he started telling me how bitcoin and all descentralized markets are pyramidal schemes done by some shady looking characters to profit. he's a very hardcore corporate worker. might give him this counter argument see where the discussion goes for the sake of a good laugh.abgespaced wrote: ↑Sun Jan 24, 2021 2:58 am
Crash Bitcoin, replace it with a centralised, global digital currency.
Controlled by the few at the expense of the many.
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- superfrank
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Bitcoin is 'Digital Gold', and Visa wants its 70 million merchants to warm up to it
https://www.timesnownews.com/business-e ... -it/715764
The supply of dollars is going through the roof... https://fred.stlouisfed.org/series/M2.
https://www.timesnownews.com/business-e ... -it/715764
The supply of Bitcoin is limited to 21 million.This development is important when one looks at it as a validation of bitcoin's reliability as a mode of currency exchange. Visa reportedly has a waiting list of banks who want to partner with it to offer this service, perhaps a large number could be from emerging fintech startups. There seems to be a growing tribe of believers who think bitcoin is destined for a global acceptance, and they want to be prepared for it.
So far, the virtual coin has mostly been regarded as an investment play. Could this become an important step forward in adopting bitcoin as a currency of exchange?
The supply of dollars is going through the roof... https://fred.stlouisfed.org/series/M2.
- superfrank
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Dystopian to me is a future controlled by leftist governments where people get paid in increasingly worthless currency.
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- superfrank
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It's comic really that an African country should seek to ban cryptos when their own fiat currencies invariably end up worth less than toilet paper.abgespaced wrote: ↑Sat Feb 06, 2021 8:14 amhttps://cryptoslate.com/nigerias-centra ... urrencies/
And it begins
https://www.xe.com/currencycharts/?from ... D&view=10Y
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Tesla Invests $1.5B in Bitcoin, Plans to Accept Crypto Payments
https://www.coindesk.com/tesla-invests- ... o-payments
Sends BTC to new all-time high.
https://www.coindesk.com/tesla-invests- ... o-payments
Sends BTC to new all-time high.
He said his dogecoin tweets were done as a joke, but the price rocketed anyway. People will believe anything.
https://www.ft.com/content/5d9d7eef-718 ... 4fcd043f53
He hates short sellers but then buys a shed load of BTC then announces Tesla will start accepting bitcoin as payment.superfrank wrote: ↑Mon Feb 08, 2021 2:02 pmTesla Invests $1.5B in Bitcoin, Plans to Accept Crypto Payments
https://www.coindesk.com/tesla-invests- ... o-payments
Sends BTC to new all-time high.
But he's one of the people, no he's just using his platform for personal gain.
It's an odd development. a) it's way outside his core business and b) If he's trying to raise the value with his reputation. But then sells to make a profit, he's going to look like a charlatan.Naffman wrote: ↑Mon Feb 08, 2021 3:00 pmHe hates short sellers but then buys a shed load of BTC then announces Tesla will start accepting bitcoin as payment.superfrank wrote: ↑Mon Feb 08, 2021 2:02 pmTesla Invests $1.5B in Bitcoin, Plans to Accept Crypto Payments
https://www.coindesk.com/tesla-invests- ... o-payments
Sends BTC to new all-time high.
But he's one of the people, no he's just using his platform for personal gain.
Then again entrepreneurs only have boundaries that are legally enforceable. (And probably beyond if they think they can get away with it).
Everything else is feasible if deemed to be worthwhile.